Document Record Detail

INTERPRETATION OF THE LETTER OF CREDIT REQUIREMENTS FOR LIABILITY COVERAGE

RCRA Online Number:

14250

Date:

04/30/1997

To:

Flaherty

From:

Heare

Organization of Recipient:

Beazer East, Inc.

Description:

Annual aggregate refers to the amount for the one year period of the letter of credit, regardless if the term of the letter spans a new calendar year. The exposure of the issuer of a letter of credit is limited to the amount of the annual aggregate.